LONDON--(BUSINESS WIRE)--The textile industry is seeing advancements and innovations on a global
scale, with an increase in government initiatives, creative start-ups
and businesses, and success of major apparel companies. Details on the
industry’s improving performance are some of this week’s featured
stories on BizVibe. BizVibe is the world’s
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India committed the most funds to their textile industry out of the four
countries, committing USD 849 million to job creation, increasing
textile exports, and initiating labour reforms that are expected to help
the textile industry in India outpace competitors.

Textile
start-ups flood the industry each year in order to serve needs
that larger organizations neglect, and to make the textile industry more
innovative and sustainable overall.

The industry is continuing to see start-ups that address underserved
segments of the textile market, including those that offer fashion for
Muslim women, those that use synthetic fibres and dyes, and those
created especially for people with physical disabilities and motor
disorders.

In 2016, Christian Dior was the largest
apparel company in the world according to Forbes, accounting for
USD 41.6 billion in sales and a market value of USD 31.4 billion.
Christian Dior has a 40% stake in LVMH, a multinational luxury goods
conglomerate, meaning that it also benefits from the financial
performance of product lines like Dom Pérignon, De Beers, and Givenchy.

Among the top 2,000 companies named by Forbes, 29 apparel companies made
the final list. Christian Dior was followed by Nike in second place and
Inditex as the world’s third largest apparel company.

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